Tankers Steal the Show Among Newbuilding Contracting
According to Banchero Costa, “most of the newbuilding activity was focused on the tanker segment: a strong appetite for new units was recorded from Greek owners, mainly pushed by competitive prices. Kyklades Maritime signed 2 x VLCC from Hyundai to be delivered during Q1 of 2022, options are said to be attached for two more. The duo will be scrubber fitted and the price reported was around $91 mln apiece. Back in May, we reported an order from Capital Mare Inc. for 2 x VLCC units with delivery in 2022 from Hyundai. It seemed that owners increased their commitments to 4 units and the price was in line with earlier 2 units (i.e. $89 mln): however around $6 mln to be added on top to the cost due to high specs. Vessels to be delivered end 2022- beginning 2023. Always in South Korea, Samsung received an order from Pantheon Tankers for 2 + 2 Suezmax units: deliveries are set for 1st half of 2022, vessels will not be scrubber fitted and the price rumoured was around $ 55 mln each”, Banchero Costa said.
Meanwhile, in the S&P market, Allied said that “on the dry bulk side, another week of good momentum in the SnP market, with a relatively robust flow of transactions taking place. At this point, we are seeing a rather well and balanced distribution in buying appetite, despite the different momentum noted freight rates across the main size segments. The Capesize market seems to be very active, inline somehow with the strong freight performance noted of late. In medium size segments, we may see a slight slowdown take shape, especially if their respective freight rates stagnate. On the tankers side, a sharp shift in the recent trend was noted, with a good number of units changing hands. The presence of the VLCC segment was relatively strong, despite the uninspiring earnings being seen for a while now. Given the firm boost in noted in the Aframax size, we are now amidst much better momentum. All-in-all, if we start seeing a reverse in freight markets, we could expect a much more vivid market to take shape during the final quarter of the year”.
In a separate note, Banchero Costa added that “German controlled E.R AMERICA 179,000 dwt built in 2010 at Daewoo Mangalia was sold to Tsakos for $20.75 mln (scrubber fitted but no BWTS); remind we have 3 sisters available for sale of the same age and dwt. A sensibly discounted price was achieved by the GIUSEPPE BOTTIGLIERI 176,000 dwt built in 2011 at New Times which was sold for price of $15.7 mln basis SS and BWTS due within next 2 months. In the Kamsarmax segment SCORPIO soften their exposure by selling the SBI ROCK 82,000 dwt built in 2016 at Jiangsu Newyangzi to Greek Buyers (allegedly Alpha Bulkers) for $18.2 mln and the SBI SOUSTA 82,000 dwt built in 2016 at Hudong for $18.5 mln to another undisclosed Greek Buyers. The Panamax TRITON HAWK 78,000 dwt built in 2010 at Sanoyas was sold to Castor Maritime for region $13.8 mln (SS passed). In the Supramax/Handysize segment the Tess 58 mv SEA IRIS 58,000 dwt built in 2010 at Cebu was sold to Greek Buyers for region $10.6-10.7 mln (SS passed and BWTS fitted) whilst 2 dolphin 57 Cosco built Ellie 57,000 dwt built in 2011 and Dimi 57,000 built in 2012 at Jinling got sold for $17.8 mln to undisclosed Buyers (both Tier II). The Pacific Journey 38,000 dwt built in 2011 at Imabari was sold to undisclosed for $10.5 mln. In the tanker market the interest was gathered by the vintage tonnage especially in the larger segment. The VLCCs are taking the lead with the SEAWAYS MULAN 320,000 dwt built in 2002 at HHI sold to Indonesians for region $23.5 mln whilst the CHRYSSI 300,000 dwt built in 2000 at Kawasaki to S.E. Asian for region $22 mln. In the product tanker segment the NORD SAKURA 46,000 dwt built in 2012 at Shin Kurushima was reported sold to Greek buyers for about $16.5 mln”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide